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Indicator Review: FX Venom Pro

FX Venom Pro is a Forex indicator that promises to use advanced trading technology in order to produce accurate market predictions for quality trading signals. The developers wanted to create a product that is smart and adaptive, while maintaining and ease-of-use that is reliable for all levels of traders. They believe that they have a truly “accurate, highly profitable trading that can bring profits” in any market conditions.

The creators of the software do not introduce themselves to the community, or provide any information about their trading experience in the Forex market. All that we know, thanks to a WHOIS search is that the website was established approximately a year ago, and that their servers located in Poland. The vendor should certainly provide much more information about their company, if they want us to be confident in our investment. In order to get in touch with support, traders can email support@fxvenompro.com.

FX Venom Pro Review

The FX Venom Pro indicator is program to monitor the markets and cash in on quick price movements. Sadly, this is the only hint at trading strategy the developer provides through their entire sales page. Essentially, we don’t know what rules or trading approach this indicator is implementing in order to generate buy and sell signals or their clients. This information should be provided by the developer, because traders in the Forex community prefer to know what they are purchasing. The website is slick, but without substance.

There are 6 aspects of the software that the vendors want the community to be aware of. This is that the indicator provides highly accurate signals, includes smart risk management, never repaints, comes with built-in alerts, is easy to install and requires no experience to utilize. These are all very basic selling points we see on just about every indicator that we review. This doesn’t automatically qualify them as a best Forex indicator moving forward.

The sales page also has a 2 minute trading sample video, which shows the product in use, and can be helpful for potential clients.

Indicator Breakdown

  • Type: Forex Indicator
  • Price: $27
  • Strategy: Undisclosed
  • Timeframe: M1-W1
  • Pairs: All Pairs

So far, the best part of the FX Venom Pro indicator is the price. The system is going for just $27, and can be utilized on as many trading accounts as the client desires. This is certainly the cheapest indicator we’ve reviewed recent times, as most are around the $99 range. This can be seen in our most recent reviews of Fibonacci Golden Zone, and FX Candle Predictor.

Again, it’s worth noting that the vendor does not provide any methodological details of their trading strategy.

Trading Results

There are no real trading results for the FX Venom Pro indicator. The developers of the software provides a gallery of 12 different sample trades, but none of these samples come with any specifics or trading guidelines. In fact, the dates are even provided, so these trades could be from the early 2000s for all we know.

It is certainly more difficult to provide trading results for systems like these because they are built to work with any pair and timeframe, but that doesn’t mean it isn’t possible. The vendor could open a trading account, and place trades a few times a week shows that the system is profitable over longer periods of time. Then, they could upload the trading account to Myfxbook so that we can follow their progress and truly see that the software is profitable.

The point is, the vendor has options to prove to the community software is viable, they just choose not to take advantage of any of these options.

Community Feedback

Despite being marketed for around a year, there doesn’t seem to be any client feedback at this point in time.

Conclusion

$27 you are breaking the bank if you decide to purchase the FX Venom Pro indicator, but that doesn’t mean they are worthy of our recommendation. Before signing up, we would like to see more information about the developers, their strategy and have them actually prove that the system works before we sign up.

If you have anything you like to add to the review, please leave your questions and remarks below the article now.

FX Venom Pro $27
  • Pricing
  • Strategy
  • Trading Results
  • Client Feedback
  • Customer Support

Summary

FX Venom Pro is a Forex indicator that gets a fair amount of promotion, but I’m still waiting to hear from some clients.

Overall
2.8
Comments Rating 0 (0 reviews)

Pros

Low price
Slick website

Cons

No results
No strategy
No experience

About Patrick Ryan

Patrick is a Forex enthusiast, with over 10 years of experience in finance, and market analysis. He's eager to help traders achieve their investment goals, whether they are short or long-term. Patrick's penned thousands of reviews, and is always available to discuss trading with anyone who's interested.

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